Westfield

One of the country’s biggest shopping centre owners, Scentre Group, has unveiled a new contactless drive-through service for its Westfield mall retail tenants at as it strives to keep shoppers coming back amid the pandemic that has turned many malls into ghost towns.

Westfield owner the Scentre Group has received a share market boost after announcing it has secured more bank facilities in a move that lifts its liquidity position to $3.1 billion over the next two years.

The pick up in momentum in the retail property sector in the latter half of 2019 points to a strong year ahead as investment funds continue to look for strategic opportunities, JLL’s Shopping Centre Investment Report says.

Hong Kong-based Link REIT has made one of the biggest direct property plays of the year, snapping up an office building beside Westfield Sydney for about $683 million.

Major retail landlords are coming under pressure from the sluggish performance of anchor tenants, which are dragging on overall complexes even as some areas hold up.

Shopping centre legend Sir Frank Lowy has called time on the Australian mall empire he co-founded six decades ago after selling an $815 million stake in the listed Scentre Group on Wednesday night.

Victoria is set to land its first official LEGO store. The brick-building toy brand will open one of its popular ‘certified stores’ at Westfield Doncaster, in a coup for local kids and enthusiasts. While LEGO …

The way consumers engage with shopping centres is set to evolve as mall giant Scentre Group commits to integrating new technologies following its latest deal with Uber.

Scentre Group, owner of the local Westfield mall empire, is weighing up interest in the landmark office towers that sit over and around its Westfield Sydney complex, with private equity group Blackstone believed to be most advanced in negotiations.